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re: Car Buying with Cash
Posted on 7/9/23 at 5:24 pm to Auburntiger
Posted on 7/9/23 at 5:24 pm to Auburntiger
quote:
From the research I've done so far I can save anywhere from $2k to $6k for the same exact vehicle in Texas compared to in South Louisiana
You still have to pay a 4.45% sales tax whenever you register the car in Louisiana. Example:
$50,000 x 4.45% = $2,225
I think you might be able to claim that on your taxes, but I can't see that being that much of a benefit. I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
3
Posted on 7/9/23 at 8:43 pm to BilbeauTBaggins
quote:
You still have to pay a 4.45% sales tax whenever you register the car in Louisiana. Example:
$50,000 x 4.45% = $2,225
I think you might be able to claim that on your taxes, but I can't see that being that much of a benefit. I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
Please never give anyone financial advice.
Posted on 7/9/23 at 11:23 pm to BilbeauTBaggins
quote:
I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
This has been the case for over three years now.. i agree that vehicles now cost more than i am willing to pay- but the length of time this has been going on means that it isnt “inflated”- it means that this is the way things are now, and the price that things cost now…. Truth hurts I know, but at the risk of using a tired cliche, it is indeed “the new normal .”
Posted on 7/10/23 at 9:09 am to BilbeauTBaggins
quote:
From the research I've done so far I can save anywhere from $2k to $6k for the same exact vehicle in Texas compared to in South Louisiana
quote:
You still have to pay a 4.45% sales tax whenever you register the car in Louisiana. Example:
$50,000 x 4.45% = $2,225
I think you might be able to claim that on your taxes, but I can't see that being that much of a benefit. I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
yes - I am aware that if I were to purchase a new truck out of state that I would have to pay the Louisiana sales tax. IMO it is still worth 1 day of my time to potentially save $6K to purchase a vehicle in Texas compared to locally
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